Guidance
Oil and gas: Ring Fence Corporation Tax - definition of tariff receipts - technical note
The purpose of this technical note is to provide further background and information on the Autumn Budget 2017 announcement on tariff income.
Documents
Details
The announcement clarifies that activities by petroleum licence holders (participators) which give rise to tariff income in relation to UK oil and gas assets fall within the oil and gas ring fence tax regime.
Published 1 December 2017